Genesis Energy (NYSE:GEL) Releases Quarterly Earnings Results

Genesis Energy (NYSE:GEL) posted its earnings results on Thursday. The pipeline company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.53), Zacks reports. Genesis Energy had a negative return on equity of 0.31% and a negative net margin of 0.09%.

Genesis Energy Stock Up 0.2 %

GEL opened at $11.91 on Friday. The firm has a market capitalization of $1.46 billion, a P/E ratio of -16.09 and a beta of 2.13. The company has a fifty day moving average price of $10.54 and a 200-day moving average price of $12.00. Genesis Energy has a one year low of $9.86 and a one year high of $15.17. The company has a debt-to-equity ratio of 5.13, a current ratio of 1.03 and a quick ratio of 0.91.

Genesis Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.165 per share. The ex-dividend date was Friday, January 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.54%. Genesis Energy’s dividend payout ratio (DPR) is currently -89.19%.

Wall Street Analysts Forecast Growth

Separately, Capital One Financial raised shares of Genesis Energy from an “equal weight” rating to an “overweight” rating in a report on Friday, November 1st.

About Genesis Energy

Genesis Energy, L.P. provides integrated suite of midstream services in crude oil and natural gas industry in the United States. It operates through Offshore Pipeline Transportation, Soda and Sulfur Services, Marine Transportation, and Onshore Facilities and Transportation segments. The Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations, as well as deep water pipeline servicing.